Raffles Associates LP Purchases 40,142 Shares of Energy Services of America Co. (NASDAQ:ESOA)

Raffles Associates LP increased its position in Energy Services of America Co. (NASDAQ:ESOA) by 22.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,533 shares of the company’s stock after purchasing an additional 40,142 shares during the quarter. Energy Services of America makes up 1.8% of Raffles Associates LP’s holdings, making the stock its 16th largest position. Raffles Associates LP’s holdings in Energy Services of America were worth $1,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in shares of Energy Services of America by 7.6% during the 1st quarter. Acadian Asset Management LLC now owns 65,755 shares of the company’s stock worth $541,000 after acquiring an additional 4,641 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Energy Services of America by 0.6% in the first quarter. Thompson Davis & CO. Inc. now owns 1,333,725 shares of the company’s stock valued at $11,003,000 after purchasing an additional 7,451 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Energy Services of America in the first quarter valued at about $106,000. CreativeOne Wealth LLC acquired a new stake in shares of Energy Services of America during the 1st quarter worth about $109,000. Finally, LSV Asset Management bought a new stake in shares of Energy Services of America during the 1st quarter worth about $116,000. Institutional investors own 2.13% of the company’s stock.

Energy Services of America Price Performance

Energy Services of America stock opened at $10.08 on Tuesday. The company’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $7.86. Energy Services of America Co. has a twelve month low of $3.46 and a twelve month high of $11.16.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, August 12th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $85.92 million for the quarter, compared to the consensus estimate of $91.23 million.

Insider Transactions at Energy Services of America

In related news, Director Jack M. Reynolds sold 25,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $10.30, for a total value of $257,500.00. Following the transaction, the director now directly owns 408,385 shares in the company, valued at $4,206,365.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jack M. Reynolds sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.30, for a total value of $257,500.00. Following the completion of the sale, the director now directly owns 408,385 shares in the company, valued at $4,206,365.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Samuel G. Kapourales sold 50,000 shares of Energy Services of America stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total value of $505,000.00. Following the completion of the transaction, the director now directly owns 714,191 shares of the company’s stock, valued at $7,213,329.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,576 shares of company stock valued at $1,567,557. 44.68% of the stock is currently owned by corporate insiders.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.